FNDB vs. VONV ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to Vanguard Russell 1000 Value ETF (VONV)

FNDB

Schwab Fundamental U.S. Broad Market Index ETF

FNDB Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Index. To pursue its goal, the fund generally invests in stocks that are included in the Russell Fundamental U.S. Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$65.00

Average Daily Volume

26,809

Number of Holdings ^*

1670

* may have additional holdings in another (foreign) market

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$77.04

Average Daily Volume

319,600

Number of Holdings ^*

491

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	VONV
30 Days	2.42%	1.65%
60 Days	-2.43%	-2.68%
90 Days	1.73%	1.71%
12 Months	23.62%	19.80%

479 Overlapping Holdings

	Symbol	Grade	Weight in FNDB	Weight in VONV	Overlap
	A	C	0.06%	0.04%	0.04%
	ABT	F	0.28%	0.82%	0.28%
	ACGL	A	0.06%	0.14%	0.06%
	ACI	F	0.01%	0.04%	0.01%
	ACM	F	0.04%	0.06%	0.04%
	ADI	B	0.13%	0.48%	0.13%
	ADM	F	0.2%	0.15%	0.15%
	ADP	C	0.13%	0.07%	0.07%
	AEE	D	0.05%	0.09%	0.05%
	AEP	C	0.16%	0.22%	0.16%
	AFG	C	0.04%	0.04%	0.04%
	AFL	A	0.18%	0.23%	0.18%
	AGCO	F	0.03%	0.03%	0.03%
	AIG	B	0.3%	0.25%	0.25%
	AIZ	D	0.02%	0.04%	0.02%
	AJG	B	0.04%	0.23%	0.04%
	AKAM	F	0.03%	0.07%	0.03%
	ALB	D	0.02%	0.07%	0.02%
	ALL	D	0.27%	0.21%	0.21%
	ALLY	C	0.12%	0.05%	0.05%
	AMAT	A	0.3%	0.12%	0.12%
	AMD	C	0.09%	0.52%	0.09%
	AME	D	0.05%	0.19%	0.05%
	AMGN	C	0.45%	0.22%	0.22%
	AMH	C	0.01%	0.06%	0.01%
	AON	F	0.09%	0.27%	0.09%
	AOS	D	0.03%	0.04%	0.03%
	APD	B	0.1%	0.25%	0.1%
	APH	B	0.09%	0.17%	0.09%
	APP	B	0.01%	0.05%	0.01%
	APTV	C	0.07%	0.09%	0.07%
	AR	B	0.03%	0.05%	0.03%
	ARE	C	0.03%	0.1%	0.03%
	ARMK	C	0.02%	0.04%	0.02%
	ARW	C	0.08%	0.03%	0.03%
	ATO	F	0.03%	0.08%	0.03%
	ATR	B	0.02%	0.05%	0.02%
	AVB	B	0.05%	0.13%	0.05%
	AVTR	D	0.02%	0.08%	0.02%
	AVY	B	0.04%	0.06%	0.04%
	AWK	C	0.04%	0.11%	0.04%
	AXP	B	0.36%	0.44%	0.36%
	AYI	C	0.04%	0.04%	0.04%
	AZO	D	0.05%	0.04%	0.04%
	BA	D	0.15%	0.39%	0.15%
	BAC	A	1.26%	1.22%	1.22%
	BALL	C	0.07%	0.1%	0.07%
	BAX	F	0.07%	0.1%	0.07%
	BBWI	B	0.04%	0.05%	0.04%
	BBY	D	0.13%	0.06%	0.06%
	BDX	F	0.1%	0.32%	0.1%
	BEN	F	0.04%	0.03%	0.03%
	BG	B	0.1%	0.07%	0.07%
	BIIB	D	0.11%	0.15%	0.11%
	BK	B	0.22%	0.2%	0.2%
	BKR	F	0.13%	0.16%	0.13%
	BLD	D	0.02%	0.06%	0.02%
	BLDR	D	0.02%	0.11%	0.02%
	BLK	C	0.22%	0.54%	0.22%
	BMRN	F	0.01%	0.06%	0.01%
	BMY	F	0.26%	0.43%	0.26%
	BRK.A	C	2.04%	3.47%	2.04%
	BRO	B	0.02%	0.06%	0.02%
	BSX	A	0.08%	0.5%	0.08%
	BWA	C	0.05%	0.04%	0.04%
	BWXT	D	0.01%	0.03%	0.01%
	BXP	D	0.04%	0.05%	0.04%
	C	B	1.2%	0.56%	0.56%
	CACI	B	0.03%	0.04%	0.03%
	CAG	C	0.06%	0.07%	0.06%
	CAH	F	0.06%	0.06%	0.06%
	CARR	B	0.11%	0.2%	0.11%
	CASY	B	0.05%	0.05%	0.05%
	CAT	D	0.41%	0.2%	0.2%
	CB	C	0.26%	0.48%	0.26%
	CBOE	C	0.02%	0.09%	0.02%
	CBRE	D	0.09%	0.13%	0.09%
	CCI	D	0.08%	0.17%	0.08%
	CCK	C	0.03%	0.04%	0.03%
	CCL	B	0.04%	0.07%	0.04%
	CE	D	0.07%	0.07%	0.07%
	CEG	B	0.12%	0.29%	0.12%
	CF	D	0.05%	0.07%	0.05%
	CFG	C	0.09%	0.08%	0.08%
	CG	D	0.03%	0.05%	0.03%
	CGNX	C	0.01%	0.03%	0.01%
	CHK	B	0.01%	0.05%	0.01%
	CI	D	0.48%	0.45%	0.45%
	CINF	D	0.06%	0.08%	0.06%
	CL	B	0.14%	0.36%	0.14%
	CLF	F	0.03%	0.04%	0.03%
	CLH	A	0.02%	0.05%	0.02%
	CMCSA	F	0.68%	0.72%	0.68%
	CME	D	0.08%	0.36%	0.08%
	CMI	D	0.17%	0.18%	0.17%
	CMS	B	0.05%	0.08%	0.05%
	CNC	D	0.25%	0.19%	0.19%
	CNM	C	0.01%	0.05%	0.01%
	CNP	B	0.06%	0.09%	0.06%
	COF	D	0.39%	0.26%	0.26%
	COIN	C	0.04%	0.17%	0.04%
	COP	D	0.43%	0.72%	0.43%
	CPB	C	0.03%	0.04%	0.03%
	CPT	C	0.02%	0.05%	0.02%
	CRL	F	0.02%	0.06%	0.02%
	CRM	D	0.12%	0.3%	0.12%
	CSCO	F	0.67%	0.91%	0.67%
	CSGP	F	0.01%	0.1%	0.01%
	CSL	B	0.05%	0.09%	0.05%
	CSX	D	0.2%	0.28%	0.2%
	CTLT	D	0.02%	0.05%	0.02%
	CTSH	F	0.15%	0.16%	0.15%
	CTVA	C	0.08%	0.18%	0.08%
	CUBE	C	0.01%	0.04%	0.01%
	CVS	F	0.57%	0.41%	0.41%
	CVX	B	1.13%	1.33%	1.13%
	CW	B	0.02%	0.05%	0.02%
	D	B	0.17%	0.2%	0.17%
	DAL	C	0.03%	0.15%	0.03%
	DASH	D	0.01%	0.04%	0.01%
	DAY	F	0.0%	0.04%	0.0%
	DD	A	0.17%	0.15%	0.15%
	DFS	D	0.2%	0.15%	0.15%
	DGX	C	0.06%	0.07%	0.06%
	DHI	D	0.14%	0.21%	0.14%
	DHR	B	0.15%	0.78%	0.15%
	DINO	D	0.05%	0.04%	0.04%
	DIS	D	0.41%	0.97%	0.41%
	DKS	D	0.04%	0.05%	0.04%
	DLR	B	0.07%	0.2%	0.07%
	DLTR	F	0.07%	0.12%	0.07%
	DOC	C	0.03%	0.06%	0.03%
	DOV	B	0.06%	0.12%	0.06%
	DOW	B	0.2%	0.19%	0.19%
	DOX	F	0.03%	0.05%	0.03%
	DRI	F	0.04%	0.05%	0.04%
	DTE	B	0.07%	0.11%	0.07%
	DUK	B	0.29%	0.36%	0.29%
	DVN	D	0.08%	0.16%	0.08%
	EA	B	0.07%	0.16%	0.07%
	EBAY	B	0.16%	0.12%	0.12%
	ECL	B	0.09%	0.06%	0.06%
	ED	C	0.12%	0.16%	0.12%
	EFX	C	0.03%	0.04%	0.03%
	EG	C	0.03%	0.06%	0.03%
	EGP	F	0.01%	0.03%	0.01%
	EHC	C	0.02%	0.04%	0.02%
	EIX	B	0.09%	0.13%	0.09%
	EL	F	0.05%	0.11%	0.05%
	ELS	F	0.01%	0.03%	0.01%
	ELV	C	0.48%	0.52%	0.48%
	EME	B	0.06%	0.05%	0.05%
	EMN	A	0.08%	0.05%	0.05%
	EMR	B	0.17%	0.29%	0.17%
	ENTG	D	0.02%	0.09%	0.02%
	EOG	D	0.19%	0.37%	0.19%
	EQIX	C	0.07%	0.16%	0.07%
	EQR	C	0.05%	0.11%	0.05%
	EQT	B	0.02%	0.07%	0.02%
	ES	D	0.07%	0.1%	0.07%
	ESS	C	0.03%	0.08%	0.03%
	ETN	B	0.25%	0.61%	0.25%
	ETR	C	0.09%	0.11%	0.09%
	EVRG	C	0.06%	0.06%	0.06%
	EWBC	C	0.02%	0.05%	0.02%
	EXAS	F	0.0%	0.03%	0.0%
	EXC	D	0.16%	0.18%	0.16%
	EXR	C	0.03%	0.13%	0.03%
	F	D	0.34%	0.23%	0.23%
	FANG	D	0.04%	0.17%	0.04%
	FAST	D	0.06%	0.05%	0.05%
	FCNCA	A	0.02%	0.08%	0.02%
	FCX	B	0.16%	0.34%	0.16%
	FDX	F	0.27%	0.29%	0.27%
	FE	C	0.09%	0.1%	0.09%
	FFIV	F	0.02%	0.05%	0.02%
	FHN	B	0.03%	0.04%	0.03%
	FIS	C	0.13%	0.19%	0.13%
	FITB	C	0.12%	0.12%	0.12%
	FNF	C	0.06%	0.06%	0.06%
	FOXA	B	0.07%	0.04%	0.04%
	FRT	D	0.02%	0.04%	0.02%
	FSLR	A	0.03%	0.09%	0.03%
	FTI	B	0.02%	0.05%	0.02%
	FTV	F	0.03%	0.13%	0.03%
	GD	A	0.23%	0.34%	0.23%
	GE	A	0.19%	0.84%	0.19%
	GEHC	D	0.03%	0.14%	0.03%
	GEV	C	0.05%	0.2%	0.05%
	GGG	F	0.02%	0.04%	0.02%
	GILD	F	0.26%	0.39%	0.26%
	GIS	D	0.12%	0.19%	0.12%
	GLPI	D	0.02%	0.05%	0.02%
	GLW	B	0.11%	0.12%	0.11%
	GM	C	0.67%	0.24%	0.24%
	GNRC	B	0.02%	0.04%	0.02%
	GNTX	D	0.03%	0.04%	0.03%
	GPC	F	0.05%	0.11%	0.05%
	GPN	F	0.06%	0.15%	0.06%
	GRMN	C	0.05%	0.11%	0.05%
	GS	B	0.55%	0.64%	0.55%
	GWRE	B	0.0%	0.04%	0.0%
	HAL	F	0.07%	0.13%	0.07%
	HAS	B	0.03%	0.04%	0.03%
	HBAN	B	0.06%	0.09%	0.06%
	HCA	C	0.2%	0.23%	0.2%
	HES	D	0.05%	0.09%	0.05%
	HIG	B	0.14%	0.14%	0.14%
	HII	D	0.04%	0.05%	0.04%
	HLT	D	0.05%	0.13%	0.05%
	HOLX	D	0.04%	0.08%	0.04%
	HON	B	0.32%	0.53%	0.32%
	HPE	B	0.19%	0.11%	0.11%
	HPQ	A	0.19%	0.09%	0.09%
	HRL	C	0.03%	0.05%	0.03%
	HSIC	D	0.04%	0.04%	0.04%
	HST	D	0.04%	0.06%	0.04%
	HSY	C	0.04%	0.04%	0.04%
	HUBB	D	0.03%	0.05%	0.03%
	HUM	D	0.19%	0.1%	0.1%
	HWM	A	0.06%	0.12%	0.06%
	IBKR	A	0.01%	0.06%	0.01%
	IBM	D	0.49%	0.72%	0.49%
	ICE	C	0.11%	0.35%	0.11%
	ICLR	B	0.02%	0.1%	0.02%
	IEX	F	0.02%	0.07%	0.02%
	IFF	C	0.05%	0.1%	0.05%
	ILMN	F	0.02%	0.07%	0.02%
	INGR	C	0.04%	0.04%	0.04%
	INTC	F	0.84%	0.61%	0.61%
	INVH	C	0.03%	0.1%	0.03%
	IP	B	0.14%	0.06%	0.06%
	IPG	D	0.04%	0.06%	0.04%
	IR	B	0.03%	0.18%	0.03%
	IRM	B	0.05%	0.05%	0.05%
	ITT	C	0.03%	0.05%	0.03%
	ITW	F	0.14%	0.06%	0.06%
	J	D	0.05%	0.09%	0.05%
	JBHT	F	0.03%	0.05%	0.03%
	JCI	B	0.15%	0.18%	0.15%
	JEF	B	0.04%	0.04%	0.04%
	JKHY	C	0.02%	0.04%	0.02%
	JLL	C	0.07%	0.04%	0.04%
	JNJ	F	0.85%	1.66%	0.85%
	JNPR	D	0.05%	0.05%	0.05%
	JPM	B	1.89%	2.64%	1.89%
	K	C	0.05%	0.07%	0.05%
	KDP	B	0.07%	0.15%	0.07%
	KEY	C	0.09%	0.06%	0.06%
	KEYS	F	0.03%	0.09%	0.03%
	KHC	D	0.1%	0.15%	0.1%
	KIM	D	0.02%	0.06%	0.02%
	KKR	B	0.1%	0.22%	0.1%
	KMI	B	0.17%	0.17%	0.17%
	KMX	F	0.06%	0.05%	0.05%
	KNX	F	0.03%	0.03%	0.03%
	KO	B	0.36%	0.58%	0.36%
	KR	D	0.28%	0.17%	0.17%
	L	D	0.05%	0.07%	0.05%
	LDOS	B	0.08%	0.09%	0.08%
	LEA	F	0.06%	0.03%	0.03%
	LEN	C	0.16%	0.18%	0.16%
	LHX	B	0.15%	0.19%	0.15%
	LII	B	0.03%	0.07%	0.03%
	LIN	D	0.31%	0.93%	0.31%
	LKQ	F	0.05%	0.05%	0.05%
	LNT	C	0.03%	0.06%	0.03%
	LOW	F	0.34%	0.17%	0.17%
	LUV	F	0.02%	0.07%	0.02%
	LYB	D	0.15%	0.12%	0.12%
	LYV	D	0.0%	0.05%	0.0%
	MAA	C	0.03%	0.07%	0.03%
	MAS	D	0.05%	0.07%	0.05%
	MCD	F	0.29%	0.56%	0.29%
	MCHP	A	0.06%	0.07%	0.06%
	MCK	B	0.1%	0.21%	0.1%
	MDLZ	D	0.2%	0.47%	0.2%
	MDT	C	0.32%	0.51%	0.32%
	MET	C	0.25%	0.21%	0.21%
	MGM	F	0.05%	0.05%	0.05%
	MIDD	F	0.02%	0.04%	0.02%
	MKC	D	0.03%	0.09%	0.03%
	MKL	B	0.05%	0.09%	0.05%
	MKSI	B	0.02%	0.04%	0.02%
	MLM	D	0.05%	0.17%	0.05%
	MMC	B	0.13%	0.09%	0.09%
	MMM	C	0.3%	0.25%	0.25%
	MO	B	0.33%	0.37%	0.33%
	MOH	F	0.04%	0.04%	0.04%
	MOS	D	0.05%	0.05%	0.05%
	MPC	D	0.42%	0.32%	0.32%
	MRK	C	0.56%	1.28%	0.56%
	MRNA	B	0.08%	0.18%	0.08%
	MRO	D	0.07%	0.07%	0.07%
	MRVL	B	0.04%	0.27%	0.04%
	MS	B	0.34%	0.51%	0.34%
	MSCI	F	0.02%	0.09%	0.02%
	MTB	C	0.09%	0.11%	0.09%
	MU	A	0.54%	0.59%	0.54%
	NDAQ	C	0.03%	0.11%	0.03%
	NDSN	F	0.02%	0.07%	0.02%
	NEE	A	0.26%	0.66%	0.26%
	NEM	C	0.15%	0.22%	0.15%
	NI	C	0.04%	0.06%	0.04%
	NKE	F	0.19%	0.24%	0.19%
	NNN	C	0.01%	0.04%	0.01%
	NOC	D	0.18%	0.31%	0.18%
	NOV	F	0.02%	0.03%	0.02%
	NRG	B	0.11%	0.08%	0.08%
	NSC	F	0.18%	0.25%	0.18%
	NTAP	A	0.08%	0.06%	0.06%
	NTRS	D	0.06%	0.08%	0.06%
	NU	B	0.0%	0.04%	0.0%
	NUE	F	0.2%	0.2%	0.2%
	NVR	D	0.06%	0.09%	0.06%
	NVT	B	0.03%	0.06%	0.03%
	NWSA	B	0.04%	0.04%	0.04%
	NYT	A	0.01%	0.03%	0.01%
	O	D	0.03%	0.21%	0.03%
	OC	B	0.06%	0.07%	0.06%
	OGE	C	0.03%	0.03%	0.03%
	OHI	B	0.02%	0.04%	0.02%
	OKE	B	0.11%	0.21%	0.11%
	OKTA	C	0.0%	0.06%	0.0%
	OMC	C	0.07%	0.09%	0.07%
	ON	C	0.03%	0.14%	0.03%
	ORCL	B	0.34%	0.49%	0.34%
	ORI	B	0.04%	0.04%	0.04%
	ORLY	F	0.09%	0.04%	0.04%
	OSK	D	0.04%	0.03%	0.03%
	OTIS	C	0.05%	0.17%	0.05%
	OVV	D	0.05%	0.03%	0.03%
	OXY	D	0.13%	0.22%	0.13%
	PCAR	D	0.14%	0.26%	0.14%
	PCG	B	0.03%	0.17%	0.03%
	PEG	A	0.1%	0.16%	0.1%
	PEP	C	0.44%	0.36%	0.36%
	PFE	D	0.65%	0.69%	0.65%
	PFG	C	0.08%	0.09%	0.08%
	PG	B	0.77%	1.49%	0.77%
	PGR	D	0.22%	0.15%	0.15%
	PH	D	0.1%	0.33%	0.1%
	PHM	C	0.11%	0.11%	0.11%
	PKG	C	0.06%	0.07%	0.06%
	PLD	F	0.06%	0.45%	0.06%
	PM	A	0.4%	0.7%	0.4%
	PNC	C	0.25%	0.29%	0.25%
	PNR	C	0.03%	0.06%	0.03%
	PNW	C	0.04%	0.04%	0.04%
	PPG	F	0.08%	0.11%	0.08%
	PPL	B	0.1%	0.1%	0.1%
	PRU	B	0.24%	0.19%	0.19%
	PSA	D	0.04%	0.08%	0.04%
	PSX	D	0.4%	0.3%	0.3%
	PTC	C	0.01%	0.05%	0.01%
	PWR	B	0.07%	0.13%	0.07%
	PYPL	D	0.15%	0.03%	0.03%
	QCOM	B	0.58%	0.11%	0.11%
	QRVO	F	0.04%	0.05%	0.04%
	RBC	B	0.01%	0.03%	0.01%
	RCL	A	0.03%	0.11%	0.03%
	REG	D	0.02%	0.05%	0.02%
	REGN	B	0.13%	0.41%	0.13%
	REXR	F	0.0%	0.04%	0.0%
	RF	D	0.06%	0.09%	0.06%
	RGA	B	0.04%	0.06%	0.04%
	RGLD	B	0.01%	0.04%	0.01%
	RHI	F	0.03%	0.03%	0.03%
	RJF	C	0.04%	0.11%	0.04%
	RNR	B	0.02%	0.04%	0.02%
	ROP	C	0.05%	0.26%	0.05%
	RPM	C	0.03%	0.05%	0.03%
	RPRX	F	0.01%	0.05%	0.01%
	RRC	C	0.01%	0.04%	0.01%
	RRX	F	0.03%	0.05%	0.03%
	RS	D	0.08%	0.08%	0.08%
	RSG	D	0.06%	0.19%	0.06%
	RTX	A	0.31%	0.7%	0.31%
	SAIA	F	0.01%	0.04%	0.01%
	SBAC	F	0.01%	0.09%	0.01%
	SCHW	C	0.12%	0.52%	0.12%
	SF	C	0.02%	0.04%	0.02%
	SHW	D	0.07%	0.06%	0.06%
	SJM	F	0.05%	0.06%	0.05%
	SKX	A	0.02%	0.04%	0.02%
	SLB	F	0.12%	0.32%	0.12%
	SNA	F	0.04%	0.07%	0.04%
	SNX	A	0.03%	0.04%	0.03%
	SO	B	0.24%	0.38%	0.24%
	SOLV	F	0.05%	0.04%	0.04%
	SPG	C	0.1%	0.17%	0.1%
	SPGI	C	0.11%	0.58%	0.11%
	SQ	D	0.02%	0.12%	0.02%
	SRE	B	0.11%	0.22%	0.11%
	SSNC	C	0.03%	0.06%	0.03%
	STE	C	0.03%	0.1%	0.03%
	STLD	D	0.1%	0.09%	0.09%
	STT	C	0.08%	0.1%	0.08%
	STZ	F	0.07%	0.18%	0.07%
	SUI	F	0.02%	0.05%	0.02%
	SWK	F	0.07%	0.07%	0.07%
	SWKS	F	0.04%	0.08%	0.04%
	SWN	C	0.03%	0.04%	0.03%
	SYF	C	0.26%	0.09%	0.09%
	SYK	D	0.11%	0.43%	0.11%
	T	B	1.1%	0.58%	0.58%
	TAP	F	0.04%	0.05%	0.04%
	TDG	B	0.08%	0.26%	0.08%
	TDY	F	0.02%	0.08%	0.02%
	TFC	C	0.2%	0.24%	0.2%
	TFX	D	0.02%	0.05%	0.02%
	THC	A	0.07%	0.05%	0.05%
	TMO	C	0.26%	0.4%	0.26%
	TMUS	A	0.19%	0.38%	0.19%
	TOL	C	0.05%	0.06%	0.05%
	TPR	D	0.03%	0.04%	0.03%
	TRMB	D	0.02%	0.07%	0.02%
	TROW	C	0.12%	0.12%	0.12%
	TRU	C	0.02%	0.07%	0.02%
	TRV	D	0.27%	0.23%	0.23%
	TSN	C	0.19%	0.08%	0.08%
	TT	B	0.1%	0.24%	0.1%
	TTEK	B	0.02%	0.04%	0.02%
	TTWO	B	0.02%	0.11%	0.02%
	TW	B	0.01%	0.04%	0.01%
	TWLO	F	0.01%	0.04%	0.01%
	TXN	B	0.34%	0.45%	0.34%
	TXT	D	0.06%	0.08%	0.06%
	UAL	C	0.02%	0.08%	0.02%
	UDR	C	0.02%	0.06%	0.02%
	UHS	C	0.08%	0.05%	0.05%
	UNH	C	1.02%	0.34%	0.34%
	UNM	B	0.05%	0.05%	0.05%
	UNP	F	0.37%	0.39%	0.37%
	UPS	F	0.24%	0.37%	0.24%
	URI	C	0.12%	0.17%	0.12%
	USB	D	0.27%	0.3%	0.27%
	USFD	C	0.06%	0.05%	0.05%
	UTHR	B	0.02%	0.05%	0.02%
	VICI	D	0.02%	0.14%	0.02%
	VLO	D	0.44%	0.26%	0.26%
	VLTO	A	0.02%	0.1%	0.02%
	VMC	D	0.04%	0.13%	0.04%
	VRSN	F	0.01%	0.07%	0.01%
	VRT	B	0.02%	0.14%	0.02%
	VRTX	B	0.07%	0.04%	0.04%
	VST	A	0.16%	0.09%	0.09%
	VTR	C	0.06%	0.08%	0.06%
	VTRS	F	0.08%	0.07%	0.07%
	VZ	D	1.17%	0.79%	0.79%
	WAB	A	0.06%	0.14%	0.06%
	WBA	F	0.21%	0.06%	0.06%
	WBD	F	0.05%	0.08%	0.05%
	WBS	F	0.01%	0.04%	0.01%
	WDC	A	0.17%	0.11%	0.11%
	WEC	D	0.07%	0.12%	0.07%
	WELL	A	0.09%	0.25%	0.09%
	WFC	C	1.29%	1.02%	1.02%
	WM	D	0.15%	0.04%	0.04%
	WMB	B	0.13%	0.22%	0.13%
	WMT	A	1.19%	1.21%	1.19%
	WPC	D	0.02%	0.06%	0.02%
	WRB	D	0.03%	0.07%	0.03%
	WRK	A	0.13%	0.06%	0.06%
	WSM	D	0.06%	0.08%	0.06%
	WSO	A	0.03%	0.05%	0.03%
	WTRG	C	0.02%	0.04%	0.02%
	WTW	D	0.06%	0.11%	0.06%
	WWD	A	0.02%	0.05%	0.02%
	WY	F	0.08%	0.11%	0.08%
	WYNN	F	0.01%	0.04%	0.01%
	X	D	0.07%	0.04%	0.04%
	XEL	D	0.09%	0.14%	0.09%
	XOM	D	1.86%	2.26%	1.86%
	XPO	D	0.02%	0.06%	0.02%
	XYL	B	0.04%	0.13%	0.04%
	ZBH	F	0.05%	0.12%	0.05%
	ZBRA	A	0.03%	0.06%	0.03%
	ZM	D	0.01%	0.08%	0.01%

FNDB Overweight 1191 Positions Relative to VONV

	Symbol	Grade	Weight
	AAPL	B	3.56%
	MSFT	A	2.44%
	META	D	1.67%
	AMZN	C	1.33%
	GOOGL	A	1.32%
	GOOG	A	1.17%
	HD	F	0.66%
	COST	A	0.64%
	AVGO	B	0.6%
	ABBV	F	0.46%
	TGT	D	0.36%
	NVDA	A	0.35%
	V	C	0.32%
	LMT	B	0.3%
	ACN	F	0.27%
	MA	D	0.25%
	LLY	A	0.23%
	CHTR	D	0.23%
	BKNG	B	0.2%
	LRCX	B	0.2%
	DE	F	0.2%
	SBUX	D	0.19%
	TJX	B	0.19%
	ADBE	F	0.16%
	DG	D	0.13%
	NFLX	A	0.13%
	NXPI	A	0.12%
	AMP	A	0.12%
	AMT	C	0.11%
	TEL	A	0.11%
	LUMN	F	0.11%
	SYY	F	0.1%
	KLAC	A	0.1%
	PARA	D	0.1%
	INTU	C	0.1%
	KMB	C	0.1%
	TSLA	D	0.1%
	KSS	B	0.09%
	BX	C	0.09%
	STX	B	0.09%
	CTAS	C	0.08%
	AVT	A	0.08%
	IQV	D	0.08%
	MAR	D	0.08%
	YUM	C	0.08%
	ROST	C	0.07%
	ZTS	C	0.07%
	ISRG	A	0.07%
	GWW	D	0.07%
	M	B	0.07%
	OGN	C	0.07%
	AES	B	0.07%
	R	C	0.06%
	MHK	C	0.06%
	CDW	D	0.06%
	DVA	A	0.06%
	CHRW	B	0.06%
	FLEX	A	0.06%
	ZIM	A	0.06%
	AA	B	0.06%
	TSCO	A	0.06%
	LNC	B	0.06%
	MCO	B	0.06%
	KD	C	0.06%
	PFGC	C	0.05%
	PVH	D	0.05%
	TRGP	B	0.05%
	DPZ	C	0.05%
	EQH	B	0.05%
	ZION	C	0.05%
	AN	B	0.05%
	ROK	F	0.05%
	TER	A	0.05%
	MAN	C	0.05%
	CMA	C	0.05%
	OMF	C	0.05%
	JBL	D	0.05%
	WHR	F	0.05%
	MSI	B	0.05%
	PAYX	C	0.05%
	QRTEA	F	0.04%
	SLM	D	0.04%
	HUN	C	0.04%
	APA	F	0.04%
	VRSK	B	0.04%
	VFC	F	0.04%
	BAH	B	0.04%
	MTD	C	0.04%
	ODFL	F	0.04%
	CCEP	B	0.04%
	TDS	C	0.04%
	MNST	F	0.04%
	GPI	B	0.04%
	IVZ	C	0.04%
	WU	D	0.04%
	ALSN	D	0.04%
	WAT	C	0.04%
	APO	A	0.04%
	LNG	F	0.04%
	SFM	B	0.04%
	MUSA	A	0.04%
	SATS	B	0.04%
	ANF	A	0.04%
	CMG	B	0.04%
	ALV	A	0.04%
	GT	D	0.04%
	EW	D	0.04%
	CHD	C	0.04%
	AAP	D	0.04%
	GPS	D	0.04%
	LAD	F	0.04%
	CPAY	F	0.04%
	UGI	D	0.04%
	BAP	D	0.04%
	FMC	C	0.03%
	TPC	A	0.03%
	ULTA	F	0.03%
	BC	F	0.03%
	ST	C	0.03%
	JHG	B	0.03%
	XRX	F	0.03%
	FYBR	C	0.03%
	FL	D	0.03%
	HBI	D	0.03%
	ETRN	A	0.03%
	CC	D	0.03%
	SAIC	C	0.03%
	TPH	C	0.03%
	VOYA	A	0.03%
	KBH	C	0.03%
	LULU	F	0.03%
	PK	D	0.03%
	SEE	C	0.03%
	NWL	D	0.03%
	IT	D	0.03%
	NXST	C	0.03%
	CMC	C	0.03%
	SON	B	0.03%
	PANW	C	0.03%
	RL	C	0.03%
	SLG	C	0.03%
	GNW	C	0.03%
	CLX	F	0.03%
	GPK	C	0.03%
	CHKP	D	0.03%
	TMHC	C	0.03%
	MTH	C	0.03%
	VNO	F	0.03%
	ANET	C	0.03%
	UFPI	C	0.03%
	MTZ	B	0.03%
	RMD	C	0.03%
	DECK	A	0.03%
	CDNS	C	0.03%
	AMG	D	0.03%
	SANM	B	0.03%
	BPOP	C	0.03%
	OLN	D	0.03%
	SMCI	D	0.03%
	UBER	D	0.03%
	BR	C	0.03%
	CNO	B	0.03%
	SNPS	B	0.03%
	THO	F	0.03%
	LPX	B	0.03%
	LVS	F	0.03%
	BCC	D	0.03%
	WCC	C	0.03%
	LPLA	A	0.03%
	BERY	C	0.03%
	FAF	F	0.03%
	EVR	B	0.03%
	JXN	C	0.03%
	PBF	D	0.03%
	DXC	F	0.03%
	AER	A	0.03%
	VAC	D	0.02%
	DHC	F	0.02%
	TTMI	B	0.02%
	AWI	D	0.02%
	FNB	C	0.02%
	AMCX	B	0.02%
	AIRC	A	0.02%
	JAZZ	F	0.02%
	SMG	D	0.02%
	GHC	C	0.02%
	TEX	C	0.02%
	TROX	A	0.02%
	LW	D	0.02%
	WAL	C	0.02%
	MOG.A	C	0.02%
	BKH	C	0.02%
	GMS	D	0.02%
	DBRG	F	0.02%
	HEI	B	0.02%
	AVNT	C	0.02%
	MHO	C	0.02%
	GXO	F	0.02%
	VSH	B	0.02%
	AXS	A	0.02%
	WERN	D	0.02%
	KEX	A	0.02%
	PRG	C	0.02%
	AIT	B	0.02%
	MSM	F	0.02%
	GATX	B	0.02%
	SEM	C	0.02%
	UHAL	C	0.02%
	CRS	A	0.02%
	ADNT	F	0.02%
	ASH	A	0.02%
	FCN	C	0.02%
	WST	F	0.02%
	CHE	F	0.02%
	LOPE	C	0.02%
	ENS	B	0.02%
	NOW	C	0.02%
	GME	C	0.02%
	ASO	D	0.02%
	RUSHA	D	0.02%
	BKU	C	0.02%
	POR	C	0.02%
	UNFI	D	0.02%
	FIX	B	0.02%
	DK	D	0.02%
	HP	F	0.02%
	HUBG	C	0.02%
	CROX	A	0.02%
	FN	B	0.02%
	TGNA	C	0.02%
	CRI	F	0.02%
	CBT	B	0.02%
	TTC	F	0.02%
	CXW	D	0.02%
	AGNC	B	0.02%
	MPW	C	0.02%
	LILAK	B	0.02%
	SIG	B	0.02%
	SPR	D	0.02%
	MMS	C	0.02%
	WLK	A	0.02%
	XRAY	F	0.02%
	WIRE	C	0.02%
	NFG	B	0.02%
	ANSS	D	0.02%
	RDN	C	0.02%
	BECN	C	0.02%
	ELAN	A	0.02%
	ODP	F	0.02%
	FLO	C	0.02%
	SPTN	C	0.02%
	BHE	B	0.02%
	MAC	D	0.02%
	TNL	D	0.02%
	SPB	C	0.02%
	BRX	D	0.02%
	DAR	F	0.02%
	FTNT	F	0.02%
	TPX	D	0.02%
	CPRI	F	0.02%
	G	C	0.02%
	SCCO	C	0.02%
	FICO	B	0.02%
	KBR	B	0.02%
	BTU	D	0.02%
	PRI	D	0.02%
	POOL	F	0.02%
	ASGN	D	0.02%
	STWD	D	0.02%
	CNX	A	0.02%
	LECO	F	0.02%
	GEO	D	0.02%
	PAG	D	0.02%
	TKR	C	0.02%
	AL	D	0.02%
	NAVI	F	0.02%
	REZI	C	0.02%
	FLS	B	0.02%
	TXRH	A	0.02%
	DAN	B	0.02%
	POST	B	0.02%
	SM	D	0.02%
	CRUS	A	0.02%
	SLVM	A	0.02%
	BURL	C	0.02%
	ABM	C	0.02%
	MTG	C	0.02%
	AEO	D	0.02%
	ABG	C	0.02%
	SWX	B	0.02%
	KMPR	C	0.02%
	EXP	D	0.02%
	GL	F	0.02%
	BJ	A	0.02%
	AGO	D	0.02%
	ALLE	D	0.02%
	FLR	C	0.02%
	PII	F	0.02%
	EXPE	F	0.02%
	CIEN	B	0.02%
	ALGN	F	0.02%
	DY	B	0.02%
	AXTA	C	0.02%
	DCI	C	0.02%
	SPOT	B	0.02%
	LAMR	B	0.02%
	SNV	B	0.02%
	CAR	D	0.02%
	LSTR	D	0.02%
	THG	C	0.02%
	SCI	D	0.02%
	MDU	B	0.02%
	SEIC	D	0.02%
	MUR	F	0.02%
	HRB	C	0.02%
	ADSK	F	0.02%
	GDDY	A	0.02%
	JWN	B	0.02%
	HOG	D	0.02%
	CPRT	D	0.02%
	CRBG	C	0.02%
	NSIT	B	0.02%
	HCC	B	0.02%
	IDXX	C	0.02%
	PRGO	F	0.02%
	MLI	C	0.02%
	WFRD	C	0.01%
	MATX	A	0.01%
	W	D	0.01%
	ROG	D	0.01%
	BMI	B	0.01%
	ESE	C	0.01%
	ALG	F	0.01%
	STNE	F	0.01%
	YETI	D	0.01%
	CVI	D	0.01%
	GCO	C	0.01%
	ZIMV	C	0.01%
	USNA	D	0.01%
	SCVL	A	0.01%
	LADR	C	0.01%
	ENV	B	0.01%
	TOWN	C	0.01%
	MERC	C	0.01%
	BZH	F	0.01%
	TNC	D	0.01%
	INVA	C	0.01%
	TALO	F	0.01%
	NBIX	C	0.01%
	NWN	F	0.01%
	OXM	C	0.01%
	DBI	D	0.01%
	CAL	D	0.01%
	RILY	C	0.01%
	MMSI	C	0.01%
	WSFS	C	0.01%
	NX	D	0.01%
	MGY	D	0.01%
	MGEE	C	0.01%
	CNA	B	0.01%
	MTRN	F	0.01%
	KLG	F	0.01%
	KOP	F	0.01%
	PLAB	D	0.01%
	CBU	C	0.01%
	OII	B	0.01%
	CNSL	C	0.01%
	SAM	F	0.01%
	KW	D	0.01%
	RRR	F	0.01%
	LYFT	D	0.01%
	GES	D	0.01%
	TBI	F	0.01%
	VGR	C	0.01%
	CWEN	B	0.01%
	TRIP	F	0.01%
	LXP	F	0.01%
	CWT	C	0.01%
	MODG	D	0.01%
	THRM	D	0.01%
	ABR	C	0.01%
	VSTS	F	0.01%
	FRME	C	0.01%
	UCBI	D	0.01%
	COTY	D	0.01%
	MGRC	D	0.01%
	AGRO	F	0.01%
	SAFT	D	0.01%
	KN	C	0.01%
	MEDP	D	0.01%
	SCHL	C	0.01%
	PLAY	D	0.01%
	ATI	A	0.01%
	VSAT	D	0.01%
	OEC	C	0.01%
	GO	F	0.01%
	EIG	D	0.01%
	BANR	C	0.01%
	KFRC	F	0.01%
	GOLF	C	0.01%
	KRG	C	0.01%
	SIRI	F	0.01%
	ACCO	D	0.01%
	MD	F	0.01%
	BKE	D	0.01%
	PEB	F	0.01%
	ATSG	D	0.01%
	SBLK	A	0.01%
	AZEK	D	0.01%
	CIVI	D	0.01%
	PTVE	D	0.01%
	CACC	F	0.01%
	GNL	D	0.01%
	PRAA	D	0.01%
	FIVE	F	0.01%
	ROCK	F	0.01%
	ICUI	C	0.01%
	HTLF	C	0.01%
	PSN	D	0.01%
	THRY	D	0.01%
	RDUS	F	0.01%
	UE	C	0.01%
	HZO	F	0.01%
	PPBI	D	0.01%
	TPL	B	0.01%
	JJSF	C	0.01%
	CVBF	D	0.01%
	POWI	B	0.01%
	NHI	B	0.01%
	GCI	B	0.01%
	WSBC	C	0.01%
	CNXN	B	0.01%
	HLX	C	0.01%
	ALK	D	0.01%
	NTCT	D	0.01%
	JBT	F	0.01%
	ORA	B	0.01%
	ALEX	D	0.01%
	WNC	F	0.01%
	ICFI	D	0.01%
	OPCH	D	0.01%
	NHC	A	0.01%
	OSIS	B	0.01%
	CNDT	D	0.01%
	ESRT	F	0.01%
	NVRI	B	0.01%
	ENR	D	0.01%
	BLMN	F	0.01%
	CMPR	D	0.01%
	ABNB	D	0.01%
	FIBK	C	0.01%
	NTB	C	0.01%
	WSC	F	0.01%
	AM	B	0.01%
	PMT	C	0.01%
	STRL	C	0.01%
	ARI	F	0.01%
	PLNT	D	0.01%
	TUP	C	0.01%
	BCPC	C	0.01%
	PECO	F	0.01%
	RNG	C	0.01%
	SYNA	C	0.01%
	CBZ	B	0.01%
	HL	B	0.01%
	PAGS	D	0.01%
	RHP	D	0.01%
	PFS	D	0.01%
	SXC	D	0.01%
	AX	C	0.01%
	CDE	B	0.01%
	NBR	F	0.01%
	NPO	D	0.01%
	RLI	C	0.01%
	PUMP	B	0.01%
	KOS	C	0.01%
	SKT	D	0.01%
	CABO	F	0.01%
	HEES	F	0.01%
	JACK	F	0.01%
	PBH	F	0.01%
	DHT	B	0.01%
	HGV	D	0.01%
	NSP	F	0.01%
	STNG	B	0.01%
	EXLS	C	0.01%
	RAMP	F	0.01%
	CENTA	C	0.01%
	CCO	F	0.01%
	PRDO	B	0.01%
	TILE	D	0.01%
	HAIN	D	0.01%
	IDCC	B	0.01%
	FR	F	0.01%
	DORM	D	0.01%
	DNB	D	0.01%
	REVG	C	0.01%
	HOPE	D	0.01%
	IGT	F	0.01%
	ABCB	C	0.01%
	CBRL	F	0.01%
	BOOT	B	0.01%
	AIN	D	0.01%
	FFBC	C	0.01%
	SWBI	D	0.01%
	AAL	D	0.01%
	MKTX	F	0.01%
	NMRK	C	0.01%
	BKD	C	0.01%
	CHRD	B	0.01%
	NYCB	D	0.01%
	MANH	D	0.01%
	GTN	D	0.01%
	TCBI	D	0.01%
	HAE	C	0.01%
	UCTT	C	0.01%
	ENOV	F	0.01%
	VC	F	0.01%
	MORN	D	0.01%
	FBP	B	0.01%
	AEIS	B	0.01%
	WDAY	F	0.01%
	MRC	C	0.01%
	MYRG	D	0.01%
	TRMK	C	0.01%
	SNBR	D	0.01%
	HTH	C	0.01%
	IBP	D	0.01%
	BV	B	0.01%
	ONTO	B	0.01%
	FORM	B	0.01%
	KLIC	F	0.01%
	MSA	C	0.01%
	CNK	D	0.01%
	CODI	D	0.01%
	IBOC	C	0.01%
	ECPG	D	0.01%
	SKYW	C	0.01%
	GFF	D	0.01%
	BOKF	C	0.01%
	LRN	B	0.01%
	EMBC	D	0.01%
	STAG	F	0.01%
	MATV	B	0.01%
	AY	C	0.01%
	LANC	D	0.01%
	CHX	D	0.01%
	BSIG	C	0.01%
	CLW	A	0.01%
	SKY	F	0.01%
	ESGR	A	0.01%
	MELI	C	0.01%
	BGS	D	0.01%
	OTTR	C	0.01%
	SNDR	D	0.01%
	DXCM	D	0.01%
	JBGS	F	0.01%
	TECH	C	0.01%
	COKE	B	0.01%
	TNET	D	0.01%
	ENSG	D	0.01%
	RH	F	0.01%
	HCSG	F	0.01%
	XHR	D	0.01%
	LGF.A	F	0.01%
	SHO	D	0.01%
	IAC	D	0.01%
	STRA	C	0.01%
	MWA	C	0.01%
	CVCO	D	0.01%
	BOH	F	0.01%
	NGVT	D	0.01%
	MASI	D	0.01%
	SFL	A	0.01%
	SFNC	F	0.01%
	ETSY	F	0.01%
	UNIT	F	0.01%
	SITC	B	0.01%
	BGC	C	0.01%
	DRH	F	0.01%
	MTCH	F	0.01%
	LGIH	F	0.01%
	EAF	D	0.01%
	CATY	D	0.01%
	RIG	C	0.01%
	PGRE	D	0.01%
	HPP	F	0.01%
	CVLT	A	0.01%
	LITE	D	0.01%
	AMN	F	0.01%
	ZD	D	0.01%
	EPC	D	0.01%
	BXMT	F	0.01%
	PLUS	C	0.01%
	VSTO	C	0.01%
	IPGP	F	0.01%
	DIOD	B	0.01%
	EXEL	F	0.01%
	WEN	F	0.01%
	PINS	B	0.01%
	ROL	B	0.01%
	FULT	C	0.01%
	FSS	B	0.01%
	FELE	D	0.01%
	GEF	C	0.01%
	CALM	B	0.01%
	WOR	D	0.01%
	GTES	B	0.01%
	CEIX	B	0.01%
	Z	F	0.01%
	GBCI	C	0.01%
	EPR	D	0.01%
	RYN	F	0.01%
	PPC	C	0.01%
	TPG	D	0.01%
	TYL	B	0.01%
	PIPR	B	0.01%
	WEX	F	0.01%
	RLJ	F	0.01%
	NVST	F	0.01%
	WAFD	D	0.01%
	TDC	F	0.01%
	ENVA	D	0.01%
	BYD	F	0.01%
	UMBF	C	0.01%
	ITGR	B	0.01%
	AMED	A	0.01%
	BFAM	C	0.01%
	APOG	B	0.01%
	DDS	B	0.01%
	NUS	D	0.01%
	AIR	B	0.01%
	AZZ	A	0.01%
	KTB	B	0.01%
	WTS	C	0.01%
	YELP	F	0.01%
	VLY	F	0.01%
	LZB	B	0.01%
	ONB	C	0.01%
	SCL	C	0.01%
	ARES	B	0.01%
	HI	F	0.01%
	UVV	D	0.01%
	BDN	C	0.01%
	IOSP	B	0.01%
	DLB	D	0.01%
	THS	F	0.01%
	BRKR	D	0.01%
	LEG	F	0.01%
	AXL	D	0.01%
	KAR	C	0.01%
	FND	D	0.01%
	OLLI	C	0.01%
	OUT	D	0.01%
	HE	F	0.01%
	AMR	D	0.01%
	VEEV	D	0.01%
	PBI	C	0.01%
	BDC	B	0.01%
	ACIW	C	0.01%
	WGO	F	0.01%
	BIO	F	0.01%
	PDM	C	0.01%
	NEU	F	0.01%
	DOLE	C	0.01%
	AROC	C	0.01%
	CRC	F	0.01%
	SIGI	F	0.01%
	UNF	D	0.01%
	KALU	B	0.01%
	TREX	D	0.01%
	EAT	A	0.01%
	SAH	C	0.01%
	WMS	C	0.01%
	AMRK	B	0.01%
	ITRI	A	0.01%
	AMWD	D	0.01%
	WD	D	0.01%
	APAM	B	0.01%
	SRCL	C	0.01%
	APG	D	0.01%
	INCY	C	0.01%
	FDP	F	0.01%
	SMTC	B	0.01%
	SIX	B	0.01%
	EPAM	F	0.01%
	SITE	F	0.01%
	MPWR	B	0.01%
	MCY	C	0.01%
	ACHC	F	0.01%
	LAUR	B	0.01%
	NJR	C	0.01%
	MTDR	D	0.01%
	PNM	D	0.01%
	LBRT	A	0.01%
	CWK	C	0.01%
	WH	F	0.01%
	HLF	D	0.01%
	CSTM	B	0.01%
	HELE	D	0.01%
	CNXC	D	0.01%
	PATK	B	0.01%
	UBSI	F	0.01%
	PHIN	A	0.01%
	OGS	F	0.01%
	SLAB	D	0.01%
	ESAB	D	0.01%
	UAA	D	0.01%
	SBH	C	0.01%
	WMK	C	0.01%
	H	D	0.01%
	PCH	F	0.01%
	APLE	F	0.01%
	PINC	F	0.01%
	AGR	C	0.01%
	HLI	B	0.01%
	VIRT	C	0.01%
	CUZ	C	0.01%
	B	C	0.01%
	MC	A	0.01%
	HIBB	A	0.01%
	SBRA	B	0.01%
	MAT	F	0.01%
	DLX	C	0.01%
	PFSI	B	0.01%
	KMT	C	0.01%
	VSCO	D	0.01%
	CZR	F	0.01%
	WWW	B	0.01%
	AVA	C	0.01%
	CHDN	C	0.01%
	LCII	F	0.01%
	NWE	C	0.01%
	SXT	B	0.01%
	ACA	B	0.01%
	KNF	D	0.01%
	ADTN	C	0.01%
	SVC	F	0.01%
	DNOW	D	0.01%
	COLB	D	0.01%
	PNFP	C	0.01%
	ATKR	F	0.01%
	IMKTA	F	0.01%
	SUM	D	0.01%
	SSD	F	0.01%
	COLD	C	0.01%
	PSMT	C	0.01%
	VVV	D	0.01%
	GMED	B	0.01%
	BCO	A	0.01%
	PENN	F	0.01%
	DTM	A	0.01%
	ARCB	F	0.01%
	PDCO	F	0.01%
	NOMD	D	0.01%
	LFUS	B	0.01%
	FHB	C	0.01%
	SN	B	0.01%
	DEI	C	0.01%
	CACC	F	0.01%
	CCS	C	0.01%
	CFR	D	0.01%
	ALE	B	0.01%
	RXO	D	0.01%
	ESNT	C	0.01%
	MTX	A	0.01%
	DBX	F	0.01%
	WTM	D	0.01%
	BIG	F	0.01%
	SR	C	0.01%
	CADE	C	0.01%
	JELD	F	0.01%
	HWC	C	0.01%
	MLKN	C	0.01%
	SCS	C	0.01%
	SHOO	B	0.01%
	MOD	C	0.01%
	FUL	C	0.01%
	EBS	C	0.01%
	PB	C	0.01%
	VNT	D	0.01%
	CBSH	C	0.01%
	HNI	C	0.01%
	ATGE	B	0.01%
	IDA	C	0.01%
	GBX	B	0.01%
	KRC	F	0.01%
	WTFC	C	0.01%
	HRI	D	0.01%
	STC	B	0.01%
	COLM	B	0.01%
	ARCH	B	0.01%
	FDS	D	0.01%
	MTN	F	0.01%
	ANDE	D	0.01%
	OI	F	0.01%
	PTEN	F	0.01%
	GIII	B	0.01%
	TRN	B	0.01%
	OMI	F	0.01%
	ESI	D	0.01%
	ASB	C	0.01%
	VMI	C	0.01%
	HXL	C	0.01%
	PLXS	A	0.01%
	COOP	B	0.01%
	HIW	C	0.01%
	OZK	C	0.01%
	GVA	B	0.01%
	EEFT	C	0.01%
	LNW	D	0.01%
	URBN	B	0.01%
	KELYA	D	0.01%
	KFY	B	0.01%
	AMKR	B	0.01%
	SCSC	B	0.01%
	CYH	C	0.01%
	CHGG	F	0.0%
	DNUT	F	0.0%
	IRWD	F	0.0%
	EVH	F	0.0%
	GIC	F	0.0%
	KNSL	F	0.0%
	TWI	F	0.0%
	INMD	D	0.0%
	TBBK	D	0.0%
	AGM	D	0.0%
	WTI	F	0.0%
	AMPH	D	0.0%
	CMTL	D	0.0%
	VSEC	D	0.0%
	MSBI	F	0.0%
	GDEN	F	0.0%
	UHAL	C	0.0%
	CRNC	F	0.0%
	IIPR	C	0.0%
	HAYN	D	0.0%
	NR	A	0.0%
	NIC	C	0.0%
	ALGM	C	0.0%
	HOV	D	0.0%
	MGPI	F	0.0%
	RUN	C	0.0%
	CRVL	C	0.0%
	PEBO	C	0.0%
	FBK	C	0.0%
	HY	B	0.0%
	LXU	B	0.0%
	DT	D	0.0%
	PFBC	C	0.0%
	PRVA	F	0.0%
	LGND	C	0.0%
	THR	B	0.0%
	ONEW	C	0.0%
	VCTR	B	0.0%
	NBHC	B	0.0%
	CALX	C	0.0%
	ASTH	B	0.0%
	HLNE	A	0.0%
	GSM	B	0.0%
	PCRX	D	0.0%
	TTEC	F	0.0%
	CTRE	B	0.0%
	SBCF	F	0.0%
	CMTG	F	0.0%
	SNEX	B	0.0%
	AOSL	B	0.0%
	VIR	C	0.0%
	BHLB	C	0.0%
	SPWH	C	0.0%
	RMBS	F	0.0%
	PRM	C	0.0%
	MXL	F	0.0%
	REX	C	0.0%
	AMRC	C	0.0%
	VTOL	B	0.0%
	GRBK	D	0.0%
	AGL	D	0.0%
	IIIN	F	0.0%
	CLOV	C	0.0%
	AMSF	F	0.0%
	SGRY	F	0.0%
	TOST	C	0.0%
	IVT	F	0.0%
	CRGY	B	0.0%
	MBUU	F	0.0%
	TK	A	0.0%
	PKST	F	0.0%
	XPRO	B	0.0%
	SBOW	B	0.0%
	RC	F	0.0%
	RKT	C	0.0%
	AMC	D	0.0%
	GPRO	F	0.0%
	KE	C	0.0%
	HLIO	C	0.0%
	HAYW	C	0.0%
	COMP	C	0.0%
	PETS	F	0.0%
	GSL	A	0.0%
	SLCA	B	0.0%
	LESL	D	0.0%
	NOG	D	0.0%
	GPMT	F	0.0%
	AUB	C	0.0%
	ATNI	F	0.0%
	EVRI	F	0.0%
	RYAM	B	0.0%
	PEN	F	0.0%
	OIS	F	0.0%
	SSP	F	0.0%
	AVD	F	0.0%
	SSYS	F	0.0%
	PTON	F	0.0%
	FWRD	F	0.0%
	BMBL	D	0.0%
	KRNY	D	0.0%
	GTY	D	0.0%
	BXC	D	0.0%
	MED	F	0.0%
	CRMT	D	0.0%
	ARKO	C	0.0%
	CSV	B	0.0%
	PZZA	F	0.0%
	ALIT	F	0.0%
	MOV	B	0.0%
	SNOW	D	0.0%
	FLGT	D	0.0%
	TMP	D	0.0%
	WOLF	D	0.0%
	PODD	D	0.0%
	HAFC	D	0.0%
	IHRT	F	0.0%
	IPAR	F	0.0%
	CCRN	F	0.0%
	FBNC	F	0.0%
	MODV	C	0.0%
	PLCE	D	0.0%
	JRVR	F	0.0%
	DIN	F	0.0%
	SSTK	F	0.0%
	DENN	F	0.0%
	SFIX	D	0.0%
	ZI	F	0.0%
	CNOB	D	0.0%
	LBRDK	D	0.0%
	VREX	F	0.0%
	MYE	F	0.0%
	WASH	D	0.0%
	NVEE	D	0.0%
	PLOW	D	0.0%
	USPH	D	0.0%
	HOMB	C	0.0%
	OPK	C	0.0%
	CCSI	C	0.0%
	DHIL	F	0.0%
	ACLS	C	0.0%
	FIZZ	F	0.0%
	NPK	F	0.0%
	TDOC	F	0.0%
	SEDG	F	0.0%
	DRQ	F	0.0%
	CWH	F	0.0%
	TCBK	C	0.0%
	SRCE	C	0.0%
	LKFN	C	0.0%
	BRSP	F	0.0%
	HASI	B	0.0%
	NEOG	C	0.0%
	ALKS	F	0.0%
	BANF	C	0.0%
	SPSC	C	0.0%
	CARS	B	0.0%
	RGEN	F	0.0%
	SUPN	F	0.0%
	IRBT	D	0.0%
	EXPI	D	0.0%
	CLDT	F	0.0%
	DO	B	0.0%
	KREF	F	0.0%
	MEI	D	0.0%
	VRNT	D	0.0%
	VAL	B	0.0%
	RES	F	0.0%
	LNN	F	0.0%
	CSR	C	0.0%
	HFWA	D	0.0%
	WOW	C	0.0%
	DCO	B	0.0%
	ALTO	F	0.0%
	CMP	F	0.0%
	CLB	C	0.0%
	FLWS	D	0.0%
	HURN	D	0.0%
	TITN	F	0.0%
	PFC	D	0.0%
	FOXF	D	0.0%
	OCFC	D	0.0%
	BRKL	F	0.0%
	RGP	F	0.0%
	WOOF	C	0.0%
	EFSC	D	0.0%
	TPIC	C	0.0%
	SRI	D	0.0%
	SBSI	F	0.0%
	UFCS	C	0.0%
	PARR	F	0.0%
	WABC	C	0.0%
	BBSI	B	0.0%
	PEGA	C	0.0%
	STEP	A	0.0%
	CNMD	C	0.0%
	FCPT	C	0.0%
	EPRT	C	0.0%
	BRBR	C	0.0%
	COHU	D	0.0%
	AVO	C	0.0%
	ARCO	F	0.0%
	HSII	B	0.0%
	SHYF	C	0.0%
	CHCO	C	0.0%
	LTC	B	0.0%
	AVNS	B	0.0%
	ALRM	D	0.0%
	OPI	D	0.0%
	UTL	C	0.0%
	CLVT	F	0.0%
	WHD	C	0.0%
	INSW	B	0.0%
	CPF	C	0.0%
	TRNO	F	0.0%
	SJW	D	0.0%
	CTRN	D	0.0%
	MYGN	C	0.0%
	PRGS	F	0.0%
	LSCC	B	0.0%
	CRK	B	0.0%
	OMCL	D	0.0%
	AMBC	C	0.0%
	CARG	C	0.0%
	NOVT	C	0.0%
	MMI	D	0.0%
	HTLD	D	0.0%
	PJT	A	0.0%
	SGH	D	0.0%
	PRFT	B	0.0%
	EBF	B	0.0%
	ADUS	A	0.0%
	WTTR	A	0.0%
	AHCO	D	0.0%
	SMPL	C	0.0%
	AZTA	F	0.0%
	ECVT	F	0.0%
	HMST	F	0.0%
	EGBN	F	0.0%
	HTZ	F	0.0%
	BJRI	C	0.0%
	BNL	D	0.0%
	DEA	D	0.0%
	GDOT	D	0.0%
	CPNG	B	0.0%
	FCF	C	0.0%
	CRAI	B	0.0%
	PRLB	F	0.0%
	SLGN	C	0.0%
	GLDD	C	0.0%
	KTOS	B	0.0%
	HQY	D	0.0%
	AAT	C	0.0%
	CFFN	F	0.0%
	HALO	C	0.0%
	MRCY	C	0.0%
	GNK	C	0.0%
	VBTX	C	0.0%
	MTW	F	0.0%
	CNNE	F	0.0%
	ENPH	B	0.0%
	EPAC	B	0.0%
	STBA	C	0.0%
	CBL	F	0.0%
	ETD	F	0.0%
	ICHR	D	0.0%
	GFS	D	0.0%
	LIVN	C	0.0%
	ZWS	C	0.0%
	CHEF	A	0.0%
	AGX	A	0.0%
	BLKB	C	0.0%
	WDFC	F	0.0%
	HVT	F	0.0%
	UVE	C	0.0%
	DAC	B	0.0%
	EBC	C	0.0%
	AWR	D	0.0%
	IART	F	0.0%
	UIS	F	0.0%
	QLYS	F	0.0%
	AAN	D	0.0%
	CHH	F	0.0%
	CVGW	F	0.0%
	SHEN	D	0.0%
	CORT	B	0.0%
	RWT	D	0.0%
	IRT	C	0.0%
	MNRO	F	0.0%
	JBSS	D	0.0%
	MATW	D	0.0%
	CSWI	A	0.0%
	ADC	C	0.0%
	TNP	A	0.0%
	CTS	A	0.0%
	GLOB	F	0.0%
	KAI	D	0.0%
	CASH	C	0.0%
	TTD	B	0.0%
	BRY	F	0.0%
	AAON	D	0.0%
	PR	D	0.0%
	VRRM	C	0.0%
	DFIN	C	0.0%
	ROKU	F	0.0%
	CWST	A	0.0%
	OPEN	F	0.0%
	CPK	C	0.0%
	NSA	C	0.0%
	CUBI	F	0.0%
	RYI	F	0.0%
	WING	B	0.0%
	RDNT	A	0.0%
	HWKN	B	0.0%
	ASIX	F	0.0%
	ROAD	B	0.0%
	EVTC	F	0.0%
	TSE	D	0.0%
	CCOI	D	0.0%
	CMRE	A	0.0%
	ROIC	F	0.0%
	ZUMZ	B	0.0%
	SXI	D	0.0%
	CMCO	B	0.0%
	PLTR	D	0.0%
	PSTG	A	0.0%
	BUSE	C	0.0%
	COMM	D	0.0%
	CSGS	F	0.0%
	HMN	D	0.0%
	CNS	C	0.0%
	WRLD	F	0.0%
	IRDM	D	0.0%
	BSY	C	0.0%
	REYN	C	0.0%
	PAYC	F	0.0%
	LPG	A	0.0%
	INDB	D	0.0%
	IBTX	B	0.0%
	TNK	A	0.0%
	SABR	C	0.0%
	NMIH	C	0.0%
	ZEUS	F	0.0%
	OFG	C	0.0%
	KWR	F	0.0%
	EYE	F	0.0%
	SONO	D	0.0%
	NBTB	C	0.0%
	FTDR	C	0.0%
	JBLU	F	0.0%
	VIAV	F	0.0%
	PRK	C	0.0%
	GLNG	C	0.0%
	TRTX	C	0.0%
	SMP	F	0.0%
	NNI	C	0.0%
	GPRE	F	0.0%
	MRTN	D	0.0%
	XP	F	0.0%
	AKR	C	0.0%
	FFIN	C	0.0%
	RGR	F	0.0%
	SASR	C	0.0%
	CAKE	C	0.0%
	ASTE	F	0.0%
	CPS	F	0.0%
	ILPT	D	0.0%
	EXPO	C	0.0%
	NWBI	C	0.0%
	SENEA	C	0.0%
	DXPE	D	0.0%
	NTGR	D	0.0%
	PRA	C	0.0%
	TRS	C	0.0%
	OLED	B	0.0%

FNDB Underweight 12 Positions Relative to VONV

	Symbol	Grade	Weight
	PXD	B	-0.3%
	CTRA	C	-0.1%
	KVUE	D	-0.1%
	LH	F	-0.08%
	EXPD	B	-0.07%
	AMCR	C	-0.06%
	HOOD	B	-0.05%
	NTNX	B	-0.05%
	QGEN	C	-0.04%
	COHR	B	-0.03%
	AFRM	F	-0.03%
	OWL	A	-0.03%

FNDB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Business Services Asset Management Oil & Gas E&P Specialty Retail Specialty Chemicals REIT - Diversified Packaged Foods Semiconductors Utilities - Regulated Electric Insurance - Property & Casualty Building Materials Capital Markets Engineering & Construction Diagnostics & Research Oil & Gas Equipment & Services REIT - Retail Restaurants

Keywords: S&P 500 Bank Banking Nasdaq 100 Real Estate Investment Trust Natural Gas Insurance Chemical Computing Mining Electronics Aerospace Deposit Products Telecommunications Electricity Construction Semiconductor Transport Medicine Commercial Banking

VONV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Oil & Gas E&P Banks - Regional - US Asset Management Diagnostics & Research REIT - Residential Semiconductors Aerospace & Defense Capital Markets Insurance - Property & Casualty Packaged Foods Specialty Chemicals Business Services Scientific & Technical Instruments Software - Application Software - Infrastructure Drug Manufacturers - Major Health Care Plans Packaging & Containers

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Electricity Real Estate Investment Trust Aerospace Bank Dow Jones Component Electronics Mining Banking Insurance Products Computing Medicine Chemical Beverage Semiconductor Investment Bank Petroleum Industry